RSM Global

cyber crime

When it comes to cyber, 'underinsured' means 'underprepared'

13 July 2017
A blog by Michael Shatter, Director of Risk Assurance Services, RSM Australia. Throughout the evolution of cyber insurance one thing has become clear; defence barriers can never be fully impenetrable and therefore, you are never fully protected. This is what makes insurance the back bone of cyber protection. Organisations of all sizes need to invest in security procedures and tools to make the business as resilient as possible. 'Underinsured' means 'underprepared'. 

Cyber threat has no borders

15 May 2017
The ransomware cyber-attack that took place in May 2017 was unprecedented in scale and affected more that 230,000 computers in 150 countries. The indiscriminate attack on hospitals and government agencies exploited known vulnerabilities in old systems of Microsoft Windows operating systems. Cyber security now supersedes all technology risks for businesses, and this attack shows many have not yet responded to the threat. Some markets boast sophisticated technology and regulations, while others have restricted access to digital infrastructure. No matter where you look, however, there is one constant. In the arms race between cyber criminals and experts, neither party ever draws far ahead.

5 key considerations for effective business interruption coverage

28 April 2017
Most key business processes are now automated and built on technology. Consequently, disruptions from a cyberattack can lead to significant lost sales and productivity, recovery costs and reputational harm. Accounting for business interruption costs is almost as important as mitigating the breach itself, especially as exposure is only expected to increase in the future.

Cyber crime: protect, detect, respond

1 January 2017
Instances of Internet fraud and other data related crimes have been increasing dramatically and becoming progressively sophisticated. Cyber-attacks on organisations via security loopholes and un-patched servers have increased over 80 percent in the last two years as intruders look for industry or identity data theft.